Lending And Secured Finance Guide Jersey (Legal 500)

Do foreign lenders (including non-bank foreign lenders) require a licence/regulatory approval to lend into your jurisdiction or take the benefit of security over assets located in your jurisdiction?

There are no licensing requirements in Jersey for foreign lenders lending to a Jersey company and that activity also does not require the lender to obtain any regulatory approval. If a lender carries on financial services business in or from within Jersey or is a Jersey company, it will be subject to the Proceeds of Crime (Jersey) Law 1999 and required to comply with the Money Laundering (Jersey) Order 2008. Under the Proceeds of Crime (Supervisory Bodies) (Jersey) Law 2008, the lender will need to comply with the applicable notification and registration requirements and may therefore need to apply to be registered with the Jersey Financial Services Commission (the "JFSC") to be supervised in relation to its compliance with relevant anti-money laundering and